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Property profile & analytics
OFF-MARKET
Car washes
494 Queen St Grifton, NC 28530
Individually Owned
16-yr Hold
Free & Clear
Property ID
US53-5589589
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2009
Total area
2,093 SF
Lot
0.52 ac (22,651 SF)
Zoning code
CBD
APN
1542
UPID
US53-5589589
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hot dog Mike's Take-out & Catering
-
Bubbles Auto Bath Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Koehn,shayne D & Linda J · 16 yrs held
Koehn,shayne D & Linda J
since 2009
2 recorded transactions
Zoning & alternative use
CBD · Grifton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CBD district is intended for areas within the town designated to accommodate the type of commercial and governmental development that has characterized the central downtown area of the town. Older structures are clustered together with common walls with only sidewalks separating them from the public street. Parking is provided directly on the street or to th…
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
78.70 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grifton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grifton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,397
Tax year 2023
Assessed value
$187,833
Assessed 2023
Previous assessed
$187,833
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$33,977
Assessed improvement
$153,856
Land market value
$33,977
Improvement market value
$153,856
Total market value
$187,833
Applied tax rate
45.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2009
Heating
NONE
Cooling
NONE
Stories
1
Rooms
4
Bathrooms
2
Total area
2,093 SF
Lot
0.52 ac (22,651 SF)
Zoning code
CBD
APN
1542
UPID
US53-5589589
Jurisdiction
PITT
Zoning & alternative use
CBD · Grifton, NCZoning CBD · permitted uses
CBD · Grifton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CBD district is intended for areas within the town designated to accommodate the type of commercial and governmental development that has characterized the central downtown area of the town. Older structures are clustered together with common walls with only sidewalks separating them from the public street. Parking is provided directly on the street or to the rear of the building. Some of the newer development has departed from older pattern. Individual units located on lots with setbacks and off street parking. Future development here shall be consistent with the pattern that has already occurred in order to enhance the small town, pedestrian scale that characterizes the core area of the town.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
78.70 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Koehn,shayne D & Linda J
Individual
Free & Clear · 16 yrs held
Mailing address
4771 CAL JONES RD, AYDEN, NC 28513-7583
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2009
$36,000
Koehn,shayne D & Linda J
Town Of Grifton
Warranty Deed
—
May 12, 2008
$18,000
Town Of Grifton
Newby,ronnie K & Donna H
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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